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  1. Mangal Electrical IPO subscribed nearly 7 times so far on day 3; check allotment steps and key details

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Mangal Electrical IPO subscribed nearly 7 times so far on day 3; check allotment steps and key details

Kamal Joshi

3 min read | Updated on August 22, 2025, 15:03 IST

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SUMMARY

Mangal Electrical IPO: The initial share sale aims to raise ₹400 crore solely via fresh issuance of equity shares. There was no offer-for-sale component.

Shares of Mangal Electrical IPO will be listed on August 28. | Image: Mangals.com

Shares of Mangal Electrical IPO will be listed on August 28. | Image: Mangals.com

Mangal Electrical IPO: Transformer components manufacturer Mangal Electrical Industries' initial public offering has been subscribed 6.94 times so far on the final day of bidding on Friday, August 22.

The IPO secured bids for 3,64,36,140 shares compared to 52,53,301 shares on offer, according to cumulative data on NSE until 3:03 pm.

The non-institutional investors' category attracted 14.36 times subscription, while the portion for retail investors was subscribed 3.99 times. The part reserved for qualified institutional buyers (QIBs) got 6.53 times subscription.

The initial share sale aims to raise ₹400 crore solely via fresh issuance of equity shares. There was no offer-for-sale component.

The price band was fixed at ₹533 to ₹561 per share, while a lot consisted of 26 shares.

The money raised will be utilised for debt repayment, working capital needs, expanding the company's facility situated in Rajasthan, and serving general corporate purposes.

Mangal Electrical Industries Ltd specialises in processing transformer components, including CRGO slit coils, transformer lamination, amorphous cores, coil and core assemblies, toroidal cores, wound cores, and oil-immersed circuit breakers.

Mangal Electrical IPO allotment date

The IPO allotment of Mangal Electrical Industries will be finalised on Monday, August 25.

How to check Mangal Electrical IPO allotment status online on NSE

Mangal Electrical IPO allotment status online on BSE; step-by-step guide

  • Visit BSE IPO allotment status portal: https://bseindia.com/investors/appli_check.aspx
  • Select ‘Equity’ as the issue type
  • Pick ‘Mangal Electrical Industries Limited’ from Issue Names
  • Enter your PAN or application number
  • Click on ‘Search’

Mangal Electrical IPO allotment status online on Bigshare Services; check full steps

  • Visit Bigshare Services' IPO status URL: www.bigshareonline.com/ipo_Allotment.html
  • Click on any one of the three servers available
  • Choose ‘Mangal Electrical Industries Limited’ from the IPO names
  • Add PAN, beneficiary ID or application number
  • Press 'Search'

Mangal Electrical IPO latest GMP

According to media reports and investorgain.com, the unlisted shares of Mangal Electrical are trading at ₹588 per share, reflecting a grey market premium of 4.81% over the upper price band of ₹561.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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